Posts by Licensed Property Manager

The COVID-19 pandemic and the resulting government-mandated shelter-in-place orders have caused approximately 30 million people in the United States to become unemployed. Unemployment is difficult at anytime, but the pandemic complicated things even more with states unemployment offices being overwhelmed by the influx of unemployment claims. In the end, it leaves many people out of…

I came across this really well written article over at roofstock that is worth your read. Many landlords self-manage their own rental properties. We think this is great we are here to help self-managing landlords. If the landlord has the time and the attention to detail to manage their own rentals in a legal, effective…

This article over on the QuickenLoans site has some great items to consider when deciding whether to use a Property Management Company or self-managing your rental property. The key is to remember that having a rental property is like having a business. You wouldn’t buy a business and expect it to preform well unless you…

Recent law changes in Oregon have given tenants certain rights they did not previously have. The disruption to landlord practices is not the rent cap laws, but the restrictions to no-cause evictions. These laws have necessitated that landlords conform their practices to position themselves in the best possible position in dealing with tenants in…

When screening applicants you should always do a background and credit check. You should never place a tenant without first completing this step. Occasionally, when preforming a credit check on an applicant, the credit check will come back “NA”. Usually, this happens because the applicant hasn’t built up credit yet. This is typical with college…

I came across this article just days after posting a blog post about the same topic. You can read it in it’s entirety here. Just one note, the author incorrectly states the rent control law only applies to landlords who have at least 4 units. This is a common misconception. Rent control applies to all…

Last week, Oregon Governor Kate Brown signed into law state-wide rent control. The law states in any 12-month period, a landlord cannot raise rent more than 7% plus consumer price index. For 2019, the rent control has been set at 10.3%. The law goes further to restrict no-cause termination for a very small set of…

As of February 28, 2019 rent control laws in Oregon have been enacted. Maybe you’ve read through the Senate Bill text, but find yourself more confused than when you started. We’ve tried to make an easy-to-understand summary of the changes, as listed below. Please keep in mind this is a summary and there are more…

You’ve no doubt heard about Governor Brown signing Senate Bill 608 which makes some pretty significant changes to landlord-tenant law. It is being called the first statewide rent control law in the country. And it is, but it isn’t the rent control that has landlords concerned as much as the restriction on no-cause eviction. Proponents…

It wasn’t until later in life that I appreciated learning. For me, going through school was just a matter of meeting a requirement. As I matured I learned to appreciate learning new things. But it wasn’t until recently I was able to see learning as an investment. Sometimes seminars, classes and education can be awfully expensive. But as…